David Walker Assumes Role of Chairman at Blockchain Startup, Setl
- Mr. Walker joins Setl after garnering a lengthy tenure in the financial services industry that has seen him at many notable banking institutions
Setl, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe platform, has just appointed Sir David Walker, the former Bank of England (BoE) Executive Director, as its newest Chairman, according to a recent Coindesk report.
Setl was first launched this past July, which has aimed to roll simply and streamline the way assets are exchanged by utilizing blockchain technology, which in essence circumvents a series of intermediaries in the post-trade system. At the present, Setl's network is capable of processing 5,000 transactions per second, or 432 million a day.
Mr. Walker joins Setl after garnering a lengthy tenure in the financial services industry that has seen him at several notable banking institutions such as Barclays, Morgan Stanley International, and the Securities and Investment Board, having served in executive level roles. In addition, he has also served as a senior member of the G30 group, which saw him play an integral role in the realm of international Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl and settlements.
According to Mr. Walker in a recent statement on the appointment, "Blockchain is an important advance in settlement technology and Setl has a compelling proposition for its deployment."
“By simplifying the process of payments and settlement Setl should be able to deliver significant operational efficiencies which will benefit all market participants, and most importantly, reduce costs borne by savers and investors," he added.
Setl, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe platform, has just appointed Sir David Walker, the former Bank of England (BoE) Executive Director, as its newest Chairman, according to a recent Coindesk report.
Setl was first launched this past July, which has aimed to roll simply and streamline the way assets are exchanged by utilizing blockchain technology, which in essence circumvents a series of intermediaries in the post-trade system. At the present, Setl's network is capable of processing 5,000 transactions per second, or 432 million a day.
Mr. Walker joins Setl after garnering a lengthy tenure in the financial services industry that has seen him at several notable banking institutions such as Barclays, Morgan Stanley International, and the Securities and Investment Board, having served in executive level roles. In addition, he has also served as a senior member of the G30 group, which saw him play an integral role in the realm of international Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl and settlements.
According to Mr. Walker in a recent statement on the appointment, "Blockchain is an important advance in settlement technology and Setl has a compelling proposition for its deployment."
“By simplifying the process of payments and settlement Setl should be able to deliver significant operational efficiencies which will benefit all market participants, and most importantly, reduce costs borne by savers and investors," he added.